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A firm has the following price and cost information Price $10.00 Output 80 Fixed Costs $1,200.00 Variable Costs $400.00 Instructions: Enter all prices as 2
A firm has the following price and cost information Price $10.00 Output 80 Fixed Costs $1,200.00 Variable Costs $400.00 Instructions: Enter all prices as 2 decimal places. Question 1: What is the average fixed cost? $ Question 2: What is the average variable cost? $ Question 3: What is the average total cost? $
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